When it comes to populism from Rump Dump Trump, it includes hatred of all the people that Republican Supply-side Jesus (the polar opposite of the real Jesus) wants them to hate, especially Muslims and undocumented immigrants (except his wife). However, when it comes to his economic plan, he embraces the Tinkle Down policies of Paul Lyin’ Ryan.
From the beginning of Donald Trump’s campaign, there has been a nagging inconsistency in his approach to economic issues. On trade and immigration, he has broken with Republican dogma, arguing that the influx from abroad of cheap goods and low-wage workers has undermined the job prospects and living standards of ordinary Americans. [his own products excluded] On tax policy, however, Trump has stuck to the standard G.O.P. script, promising a slew of tax cuts skewed toward businesses and the rich. To be sure, until Monday, Trump hadn’t talked much about his tax plan, but the broad outlines of it were there on his Web site, serving as a reminder of the limits of his populism.
Trump rolled out his original tax plan last September, after his Republican-primary opponents accused him of lacking policy specifics. I thought at the time that adopting trickle-down economics represented a strategic error for a candidate who was promoting himself as a new type of Republican. Instead of saying he’d slash business taxes and bring the top rate of income tax down to twenty-five per cent, Trump could have promised tax cuts and tax credits targeted specifically at middle-class Americans, citing the fact that wealthy Americans were doing fine and didn’t need another handout. For instance, he could have suggested raising the upper-income cut-off on Social Security contributions and using the cash this generated to pay for higher benefits for everybody. Or he could have eschewed tax cuts aimed at the wealthy in favor of expanding the Earned Income Tax Credit, which boosts the take-home pay of low-income working families.
It’s true that without any offsetting cuts in spending, such a tax plan would have raised the hackles of deficit hawks—but the plan he did introduce raised those hackles anyway. A plan aimed at the middle class, however, could have complemented Trump’s populist line on immigration and trade, wrong-footed the Democrats, and allowed him to claim he had a three-pronged approach to raising wages and living standards. In short, it would have made him a much more formidable candidate.
The problem was that moving in that direction would have signalled [sic] that Trump was a genuine populist insurrectionary, rather than a cosseted billionaire who plays one on television… [emphasis added]
From <The New Yorker>
Click through for more of this excellent analysis.
Lawrence O’Donnell provided some analysis of his own, and it’s superb.
Now, if Trump is elected, there will be no money for infrastructure, and he and his Republican Rectumite cronies will have to raise vast sums to pay for his huge increase in welfare for the 0.1%. They will take it from YOU. The poorer you are, the more they will take.
16 Responses to “Trump Embraces Tinkle Down”
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BBC recently aired an interview with Peter Navarro, an associate professor of economics at UCalIrvine (I don't know how he got hired, but he probaby holds on by publishing tons and tons of BS): http://www.dailykos.com/story/2016/08/09/1558195/-Dear-rest-of-the-world-I-feel-so-embarrassed-right-now who is apparently now his top economic advisors, and who is hooked on trickle down. I can't advocate reading too much about him and certainly not his website or you will become ill, but the comments are fun.
Thanks, Joanne, I shared this article. It kind of reflects how I feel about Kentucky electing Rand and McTurtle, and now, Bevins.
I think I'll pass. I feel peed on already!
Good informative video. Oh boy!! It'll be a cluster if he gets in the WH.
Thanks, Tom.
Have you seen the news that Rump Dump has called on the "Second Ammendent people" and the NRA to "Take care of that" in the case of Hillary winning?
Unfrigginbelievable!!!
There is some question whether he actually meant her, or her Supreme Court appointees (or both as I suspect). but either would be despicable. God, I'm going to run out of adjectives before November.
He is insane!
See today's lear article.
I agree with you RE: Trump, but this is the first time in my life that I do NOT want either one who is running for office!
What a shame that Independent Voters can't create a STRONG 3rd Party!
Strong third parties are like insurance in this: if you wait until you need it to think about it, it will be too late. You won't be able to get it.
However, I don't think a strong third party is needed right now. I think Hillary will do just fine as President. My biggest concern is that those who have been brainwashed to think ill of her will not be able to recognize anything good that she does. Look how many people after eight years still think Obama is a Muslim and hats America. Look how many people deny that Hillary has ever done anything good in her life. Whereas http://wtfhashillarydone.com/
Welcome Nona!
I agree with JD, but think that the time to work on changing the system in such a way as to make a strong third party possible is mid November of an election year.
Many marketing types are big picture people and the hell with the details! That sounds just like Drumpf! All this infrastructure spending, but no way to pay for it. Sounds like two wars on the country's credit card doesn't it. The deficit will go up — that is if he can convince the Republicans in Congress to upgrade the infrastructure — or he will renege on his proposal to improve infrastructure. Personally, I don't think the Republicans will agree to spending that would increase the deficit, and I certainly don't think that they will agree to any tax increases. If anyone thinks Drumpf has the business acumen to pull this together, think about his 4 bankruptcies, his non payment or significantly underpaid bills.
Drumpf is a monumental disaster looking for a place to happen!
Sadly, he's found the place. Here!
The New Yorker: It appears to me that his handlers are finally making him fall in line with traditional Republican rules, I doubt he means anything he says. They know he cannot get the White House without the support of the big guns, so they are trying to rein him in.
I remember well the "Read My Lips, No new Taxes". I also remember how it worked out. I still am stunned at how many of our citizens are so gullible to believe anything Trump says. He certainly does not care what happens to anyone but himself.
Drumpf hasn't an original thought in his life, except for the ones about how great he is, so it's not a surprise at all that he just copies Paul Ryan's Tinkle Down policy. It's an economic plan that is good for Drumpf himself and for all of his cronies, so it must be good for America too, right?
Thanks all! Hugs!!